Al Faris International
Central Bank Reporting System

National, European and international regulatory standards present the financial industry with an ever greater challenge. Not only are the rules becoming increasingly complex; they are subject to ever more rapid change and are more and more interwoven. Increasingly, companies are expected to integrate regulatory, financial and internal reporting.

Regardless of whether banks choose commercial software solutions or develop their own, the specific environment in which they operate has a significant impact on the implementation of regulatory requirements. Consequently, while a precise knowledge of the appropriate rules is essential, it is by no means sufficient on its own to ensure that implementation is successful. In order to develop efficient and practical solutions, financial institutions need a thorough understanding of their business model and products as well as the associated risks and need the technical and methodological expertise to quantify them.

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